Gamble Responsibly: Tips to Gambling Safely
Gambling in Australia is going through a period of change, where the message to gamble responsibly is now more relevant than ever.
Whether you’re a seasoned player or just starting out, it’s important to remember that gambling can be a fun and exciting form of entertainment. However, as you’re most likely aware, the effects of not gambling responsibly can be disastrous for financial and mental health.
So, how does one avoid slapping away too much at the pokies? Is it easy to resist the temptation to head to the online casino or the VIP lounge every day?
The good news is, yes.
It can be done following the tips we’ve listed below. Read on and find out how.
Set a Budget:
The first point of call, before you start gambling, is to establish a budget.
Determine how much money you’re willing to spend on gambling (such as a deposit limit) and stick to it. This budget should be an amount that you can afford to lose without it impacting your essential expenses or daily life.
Think of gambling at sporting matches or at the casino as a fixed entertainment expense to avoid going over budget.
Understand the Odds:
To gamble responsibly, it’s important to set aside the time to understand the odds and the RTP associated with the games you’re playing.
Each game has its own set of rules and odds, and being aware of them will help you make informed decisions. Remember that gambling is based on chance, and there’s no foolproof strategy to guarantee consistent wins.
Avoid falling for superstitions from online gambling companies or betting systems that promise guaranteed success.
It’s easy to get caught up in the excitement of gambling, but it’s important to take regular breaks.
Set a time limit for your gambling sessions and stick to it. Stepping away from the action allows you to regain perspective and prevent impulsive decision-making. Use these breaks to relax, socialize, and enjoy other activities that don’t involve gambling.
Avoid Chasing Losses:
One of the golden rules to gamble responsibly is chasing losses.
If luck isn’t on your side and you start losing, resist the temptation to stay on the online wagering train in hopes of recovering your losses quickly.
It’s essential to accept that losses are a natural part of gambling, and they should be within the limits of your predetermined budget.
Chasing those losses when you go down while online gambling or sports betting often leads to bigger financial and emotional losses.
Know when to call it a day.
Don’t Borrow or Gamble with Credit:
When it comes to gambling responsibly, never borrow money to gamble or use credit cards for betting purposes.
Gambling should be limited to the funds you have set aside for entertainment. Borrowing money to gamble can lead to severe financial consequences and lead into a vicious cycle of borrowing that can evolve into serious debt.
Never gamble more than you can afford to lose.
Know When to Quit:
Knowing when to walk away is an essential skill in responsible gambling.
Set win and loss limits for yourself and stick to them. If you reach your predetermined winning limit, consider cashing out and enjoying the fruits of your luck. Similarly, if you hit your loss limit, it’s time to call it a day.
Gambling is meant to be a fun experience, not a way to recover financial losses or escape personal problems.
Seek Support if Needed:
If you find yourself struggling to control your gambling habits or notice signs of a gambling problem, don’t hesitate to take reasonable steps and seek help.
Many focus groups, organisations and helplines are available to provide support and guidance, including addressing problem online wagering. Remember, there’s no shame in asking for assistance, and it’s a sign of strength to address any issues proactively.
The Australian government (namely the federal department) has put in much effort to establish a national consumer protection framework to implement gambling harm minimisation across the nation, focusing on practical solutions to help people affected by gambling harm.
National Gambling Helpline: 1800 858 858
Disregard Gambling Advertising
Gambling advertising is everywhere in Australian mainstream media, where at times it is seemingly impossible to avoid flashy sports betting ads from online gambling companies trying to draw in new punters to take out a multi on all codes of Australian sport.
Outdoor advertising, television, and social media, it’s everywhere.
While some of these online betting promotions can seem too good to be true (often they are), remember that doing your own research and gambling at safe online gambling sites that you trust is far better to prevent problem gambling.
Put simply, avoid promotional materials.
By following these tips and strategies, you can gamble responsibly while enjoying the thrill and entertainment that gambling offers.
Here’s a quick recap of the points we’ve listed above. Remember to:
- Set a budget
- Understand the odds
- Take breaks
- Avoid chasing losses
- Don’t borrow money
- Know when to quit
- And seek support in any circumstance that you feel you need it.
Responsible gambling ensures that you maintain control over your actions and finances, allowing you to have a positive and enjoyable gambling experience.
Good luck and gamble responsibly!